J.C. Penney (JCP) Stock Gains on Higher Earnings, Forecast
Shares of J.C. Penney Company Inc. (JCP) were trading +0.84 or +14.09 percent higher to $6.80 per share in pre-market trading on Thursday, after the company announced better than expected earnings for the companyâ s fourth quarter and full year ended February 1st. The companyâ s net profit for the quarter was the first quarterly profit J.C.
Penney has seen since the second quarter of 2011. J.C. Penney stock closed at $5.96 per share, up +0.33 or +5.86 percent in Wednesdayâ s regular trading session.
Plano, Texas based J.C. Penney Company Inc. is a major U.S. department store chain with more than 1,100 stores operating in all 50 states and Puerto Rico. The company was founded in Wyoming in 1902 by James Cash Penney and in 1940 had Sam Walton â
Published on Feb 27, 2014
By Jay Hawk